Cryptocurrency has taken the digital world by storm, but understanding its vastness can be daunting.
Have you ever wondered how to explain it all in just a few minutes? This guide helps you grasp 90% of the cryptocurrency market in less than 15 minutes, using only 5 categories.
I'll walk through:
- Bitcoin as Digital Gold (the money use case)
- Layer 1 blockchains as the people's internet
- Decentralized applications (dApp) as the internet applications
- Memecoins as memecoins 🐸☕
- Layer 2 blockchains as the tradeoff improvement layer
More people will be drawn to the crypto market as prices continue to rise through this current market cycle.
No matter your experience level, this guide is an easy template for understanding the purpose of certain coins.
This guide provides a simple way to explain, understand, and categorize most of the crypto market, helping you know what it does and how it relates to other projects.
If you're interested in finding out what project does what better, this will make comparative analysis easier as you now have a straightforward starting point.
I hope you find this helpful in your journey!